The project allocated 120 million of its own LOOKS tokens for a free distribution. On January 10, the value of the coin exceeded $ 4.5
On January 10, LooksRare, a non-fungible token trading platform (NFT), announced the launch and distribution of 120 million of its own LOOKS tokens.
OpenSea users, whose trading volume exceeded 3 ETH ($ 9 thousand, taking into account the current exchange rate as of January 10), from June 16 to December 16 last year, can apply for free LOOKS tokens.
#LooksRare NFT Marketplace Now Live!
— LooksRare 👀💎 - NFT Marketplace (@LooksRareNFT) January 10, 2022
🪂 $LOOKS airdrop claim open
⏰ Staking starts at block 13977012
💰 Trading reward calculations start tomorrow
LFG! 💎👀https://t.co/Y1jt9Kmqt6
LooksRare charges a 2% commission on every sale on the trading platform, which is distributed among the LOOKS token holders. LOOKS token is traded on Uniswap and MEXC at $ 1.7, On January 10, its cost exceeded $ 4.5.
Three Ways to Earn
Later on, it’ll be the governance token in LooksRare future DAO, but you can already benefit from LOOKS as an incentive for participating in the LooksRare ecosystem.
1- Earn by Staking
100% of LooksRare trading fees are redistributed proportionally to LOOKS stakers.
2-Earn by Trading
You earn LOOKS every time you buy or sell an NFT from an eligible collection via LooksRare.
3-Earn by Providing Liquidity
Provide liquidity to the LOOKS-ETH pair on Uniswap V2 to earn additional LOOKS rewards on top of Uniswap regular liquidity provider rewards.